Spini raises $1mn, begins operations in Chennai

CHENNAI, INDIA: Spini app aims to open up a new horizon of business opportunities for common people and salespersons.

The Start-up aims to play a crucial role in connecting people with the right information at the right time.

Chennai becomes the first city where Spini is being launched in addition to a strong presence in Bangalore and Singapore. Being a marketplace, people can post information related to a customer planning for a purchase and salesperson bid for and buy those as leads.

Spini offers users ways to make money on information they hold and the salesperson gains a qualified lead where his chances of closing the sale are much higher and his productivity increases.

The company today announced the closing of its first round of funding of $1 million from Walden International that will be used primarily to enable market expansion in India and strengthen its platform development portfolio.

In the coming years, the India operations and Singapore team will serve as the hub for all developing markets in India and the rest of Asia.

The app also provides afeatures including quality check, anonymity, private chat facility, easy to use payment process and reverse auction based bidding that help users to monetize information and connections.